ASSET PROTECTION ATTORNEYS IN KANSAS CITY

Proper asset protection planning will protect your home, investments and other assets from the spend down requirement of nursing home Medicaid. This planning is not for the rich, but rather for the rest of us, to protect property and savings from the potentially devastating cost of long-term care.

The time to plan for protection of your assets is now, before the need for long-term care arises. Each person, and each family’s situation is different and therefore, specific objectives should be personally individualized. A few possible scenarios may involve a combination of these potential strategies:

• Gifting programs

• Irrevocable pre-paid funeral plans

• Purchase of non-countable assets

• Irrevocable trusts

• Converting countable assets to non-countable income

As you will see, successful protection planning may be easily completed with professional guidance. Northland Elder Law has handled hundreds of these cases, and each one is handled uniquely. The correct legal strategy used will depend on the individual circumstances of each family, because no two cases are exactly alike. When it comes to planning for long term care and/or nursing home Medicaid, you want to enlist a competent professional with extensive experience.